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in defense cuts seemed ludicrous. defense secretary leon panetta told the pentagon not the plan for it. now it seems not only is the military planning for the cuts, republicans seem to think the cuts are inevitable. >> i think the sequester is going to happen. because that $1.2 trillion in spending cuts we can't lose the spending cuts. that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the natio defense contractors general dynamics based in false church virginia repo
you, bill. >>> straight ahead on this monday morning, relief for migraine sufferers, plus the pentagon puts cyber 2030 front and center. after the 49ers arrive in new orleans, there is a white house petition to make super bowl monday a national holiday. should it and could it happen? you're watching "first look" on msnbc. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or tha
, relief for migraine sufferers. >>> the pentagon puts cybersecurity front and center. >>> as the 49ers arrive in new orleans, there's a white house petition to make super bowl monday a national holiday. could it and should it happen? "early today" returns in a few minutes. >>> welcome back. here are stories making news this morning. the senate is expected to approve more than $50 billion in aid for victims of hurricane sandy which hit the northeast over three months ago. >>> the pentagon is about to expand its cyber-security force five-fold to meet increasing threats against the nation's computer networks. the expansion would add 4,000 people to a unit that only has 900 employees now. >>> two oil barges hit a railroad bridge on the mississippi river near vicksburg and began leading crude oil. the coast guard says a leaking tank filled with 80,000 gallons of crude has been contained. >>> back in 1999, the colorado grand jury looking into the death of jonbenet ramsey voted to indict her parents on charges resulting in her death. but the court said there was not enough evidence in the cas
the president's pick to head to the pentagon. why chuck hagel is facing bitter opposition and he's fighting back. >>> and blackberry, a new operating system and a new name. but is it enough to survive? if there was a pill to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. [ male announcer ] ocuvite. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. >>> john kerry had no trouble sailing through the senate confirmation process but president obama's pick for defense secretary is facing a much tougher road. the former senator chu
going, you need higher wage growth. that is my two cents. one step closer to sequestration. the pentagon's new warnings. melissa: the toxic fog. utah battling a winter smog that has a group of doctors there glaring a health emergency. ♪ >> at 22 minutes past the hour, i have your fox news minute. more than 50 people have been killed in riots that began friday. the two-year anniversary of the uprising then president. forcing islam is rebels to flee north. forces have seized the airport as they search for fighters hiding in the city. dutch queen beatrix will give a speech tonight expected to make it official that she will advocate almost 75-year-old queen will be succeeded by her eldest son. those are your headlines on the fox business network. back to melissa and lori. lori: thank you very much lauren. three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came i
administration. the pentagon today said it has become as more -- as many as 46,000 temporary employees at a budget cuts. the department of defense set to see $487 billion in cuts over the next decade. the pentagon also warning that if further budget cuts to take place it will be forced to furlough most of its 800,000 full-time citizen employees. welcome my next guest became the country's first female four-star general back in 2008. rewarded her perspective to allow women in combat and a place to have with this general and then would become a retired commanding general of the u.s. army material command. could to have you here. your thoughts from your perspective what this means for first the army itself in the country. >> well, good evening, lou. first, i think it is a great decision. it is a good decision. the timing is right, and that think this decision now runs policy with the current realities on today's battlefield . lou: the realities include a more technologically oriented military, but still the requirements for special operations, special forces, infantry. in your judgment and
is live at the pentagon this morning where chuck hagel hopes to be going to work soon. the question is will he? hi, chris. >> how are you? what our sources are telling us is that in just a couple hours, chuck hagel will testify that the militant group hezbollah is a terrorist organization, and that military options should be on the table when it comes to iran. not very controversial, unless you consider what he said in the past. chuck hagel's past is about to come roaring back at him. >> good morning. >> reporter: how he's voted. what he's said. >> he has insisted that the israelis negotiate with hamas, a terrorist organization. >> reporter: one of the first questions could be will you support israel? recently hagel promised he would, saying his record has been distorted. but he'll have to explain what he said before his nomination. >> reference to a "jewish lobby" which i don't believe exists. >> reporter: he will be asked what he meant and why he refused to sign an order designating hezbollah as a terrorist organization. >> i cannot support a nominee for defense secretary who thin
the jobs of all 46,000 temporary civilian employees at the pentagon. the announcement today said it's a response to mandatory, across- the-board spending cuts. they're scheduled to take effect march 1, unless congress comes up with alternative cuts. without changes, hundreds of thousands of full-time civilian employees will face furloughs and reduced paychecks by april. the government of syria called today for thousands of refugees to come home, including those opposed to the regime. nearly 600,000 syrians have fled the civil war and gone to neighboring countries. there's been a new surge this week. we have a report narrated by alex thomson of independent television news. >> the children say they double-checked their figures. they counted around 10,000 children in the overcrowded camps in jordan in just the past 24 hours, with the parents or gardens they recognized around 20,000 people in all. with the winter cold and conditions like this, in the camps, king abdullah of jordan took the might of these people to the top today, to the world economic summit in davous. >> jordan is hosti
, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the economy. >> reporter: economists and markets did not panic over the drop into the red, because the economy is still showing signs of solid growth. businesses are still buying equipment and software. housing continues to bounce back. and consumer spending held up well, expanding at an annual rate of 2.2%. >> so if you look through some of the volatile components, demand underneath was solid and it doesn't suggest the economy is losing momentum. so a scary headline number isn't as bad as it seems when you look underneath. >> reporter: and that's what economists say federal reserve policy makers did. after studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a "no news" statement. the fed says it will keep interest rates near zer
, they make dimming rearview mirrors and the rearview face pentagon cameras. is this a play on autos? >> tas play on ought owners but it's also a play on againtex, which has a competitive advantage. they have more than 80% market share and only about 20% of companies have auto dimming mirrors right now. there's some regulation that could help them as well. >> tom: then it's got the rearview-facing cameras which i have to admit make me sea sick when i use them but they're awfully helpful in the driveway. >> completely agree on both fronts. >> tom: do you have any positioning in the two stocks we mentioned here tonight? >> i do not. >> tom: we have energy and auto parts with heather brilliant, the global equity research director at morning star. >> susie: over a 100 million people are expected to watch the baltimore ravens battle the san francisco 49ers in the superbowl. many people don't just tune in for e football, but also t commercials. so, advertisers are going all out to make sure their spots get a lot of buzz, even before the big game. erika miller reports on whether the multimillion do
they make dimming rearview mirrors and the rearview face pentagon cameras. is this a play on autos? >> tas play on ought owners but it's also a play on againtex, which has a competitive advantage. they have more than 80% market share and only about 20% of companies have auto dimming mirrors right now. there's some regulation that could help them as well. >> tom: then it's got the rearview-facing cameras which i have to admit make me sea sick when i use them but they're awfully helpful in the driveway. >> completely agree on both fronts. >> tom: do you have any positioning in the two stocks we mentioned here tonight? >> i do not. >> tom: we have energy and auto parts with heather brilliant, the global equity research director at morning star. >> susie: over a 100 million people are expected to watch the baltimore ravens battle the san francisco 49ers in the superbowl. many people don't just tune in for the football, but also the commercials. so, advertisers are going all out to make sure their spots get a lot of buzz, even before the big game. erika miller reports on whether the multimillio
-- from hospital employees not from patients. >>> the pentagon wants to hire computer experts and cyber experts. washington has been warning about a spike in cyber attacks. they are encouraging college students to pursue careers in cyber security. the cyber command's level is about 900. that number is expected to reach about 5,000 over the next several years. >>> 7:10. and an attempt to stop your pg&e rates from going up. we'll tell you who is stepping in to protect your money and why they say the increase is not needed. >> i've been here for a long time. i just want to see my family. >> local immigrants reacting to news that true immigration reform may come soon and what the president will be announcing today. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good i
griffin with the breaking news from the pentagon. what else can you tell us about this missing jet? >> well, shepard. u.s. air force officials tell fox news that they lost contact with the pilot of this f-16 fighter jet at about 8:00 p.m. local time in italy. that is when the sos call went out. at that point they lost contact with the pilot who was flying on a one seater plane. the plane was flying in formation with four other fighter jets from aviano air base and went off the town of revienna. the f-16 fighter jet has crashed 13 times a year between 1982 and 2000 according to air force statistics. in fact, in july of 2005, f-16's crashed in one month alone. coast guard rescue teams are searching a 10-mile radius tonight. we will update you on the status of that pilot as soon as we know more, shepard. >> shepard: jennifer, breaking news coming in and word that the yemen any coast guard has intercepted a ship loaded with weapons. what do we know about that? >> in fact, the u.s. navy helped the yemen i didn't coast guard intercept a dow packed with weapons in yemen's territorial wate
trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good for lockheed and raytheon. we have an attack inside syria. expecting international sales to grow over 10% this year. but book it bill is quote under tremendous pressure. anything close to 1 is concern. it is hard it kre re krut quality talent to build the best weapons system in the world with this budget uncertainty. sue? >> thank you very much, jane. >>> breaking news right now, another auction, 7 seven-year n, hi, hick. >> 2s and 5s had b after average. on 7s, 1.416. where is the w-i? >>> 141 bid offer at 141 1/2. you could say it was around 1.407. we trailed about three quarters basis point on this one. not good. we saw slightly below 40% at 38.2 on the indirect. only thing stronger with direct at 19.7. it gets to see 99 billion in supply out the door. time to concentrate on fundamentals like gdp and the market. sue, back to you. >> good to see you as you always. >> always a measure. >> what is th
test $100 in the near term. the pentagon job number tomorrow. liz: you touched on something we have heard on the nightly news for the past 20 years and that is tension in the middle east but john cortines and charlie, israel starts fighting back against syria on certain levels. we have a problem, do we not? does it affect equities? >> go ahead. >> i don't think the market is heating trading fear in the middle east. i don't think that fact is in but the market is trading decent numbers out of the u.s. and looking at a decent job number, personal income number was a great number today and the housing number. liz: click on cortines. >> it is not affected in yet but we will have a problem when it pops off. [talking over each other] liz: we double the losses in 3.5 minutes. the dow is down 30 to points. and won't get too hyper about that because we're looking at the aggregate. what a month for stocks, best january since 1997. the s&p 500 rising more than 5%. if you are in this market should you take some money off of the table? if you're not in the market what should you do? joining us n
100 million each. i think $103 million each. the pentagon is expected to buy 2440 of them. you say they will continue to buy them even with the cuts? >> they will continue to buy them. that is the current plan. the real risk to programs like f-35 is sequestration. if sequestration goes into effect on march 1st, every program project activity within the department has to be cut by the same percentage. they have to be cut by 9%. so the joint strike fighter budget for the current fiscal year will be cut by 9%. they're currently planning to buy 29 of those jets this year. that will have to come back. they will only afford 26, maybe even fewer. david: fort worth, texas where a lot of these planes are made. they have already taken steps, the town of fort worth, to try to diversify. to try to bring in other companies by giving them tax breaks, et cetera. what about a company like lockheed though? which is, while boeing has 50% of its contracts defense contracts, lockheed has almost all of them defense contracts. they have got to take a hit from this? >> oh, they absolutely will. but the b
to negotiate with iran, something the pentagon has been against. >> too often it seems he's willing to subscribe to a worldwide view that's predicated on appeasing our add ver sayries while shunning our friend -- adversaries while shunning our friends. >> reporter: another thing being discussed with a global movement to eliminate nuclear weapons. hagel has written about it and support it but those against him say the u.s. would be vulnerable and that other countries would find a way to hide their nuclear weapons and use them. this hearing continues. more when i see you next. kyla campbell, ktvu channel 2 news. >> thank you. >>> the senate is expected to approve legislation today allowing the treasury department to keep borrowing money for four more months. the house passed a bill that extends the debt ceiling through may 18th. the legislation also requires both the house and the san jose to approve budgets by april 15th or face the loss of their paychecks. >>> the government of zimbabwe says it has own $217 left in the national treasury. this is after paying public workers last week
to take somewhat of a haircut, if you will, on spending because of our economic situation. the pentagon can take some more cuts. i will not give you what that number may be. if they budgeted around 450 billion annually, which is a fairly significant cut from where we were at last year, we could certainly take care of our national defense. i will add, one thing that many people believe that after afghanistan and iraq is completed that we will go back to a peace dividend. we will live in a world of persistent conflict for the rest of our lives. lori: we are watching turkey and egypt and israel and syria. it is alarming. general, thank you for your input. >> thank you very much. melissa: boeing and its customers are facing a hefty price tag. japanese carrier, which has large airliners in its fleet than any other airliner out there, is reporting more than $1500 in lost revenue. investigators are still trying to figure out what caused one battery to catch fire earlier this month. the carrier says it remains unclear when the dreamliner will resume commercial flights. lori: check out shares of
after mid march. ashley: adam shapiro, appreciate it. tracy: all right, proximity to the pentagon and other federal agencies have led to a booming tech industry around the nation's capital. washington d.c. has more high-tech job openings and silicon valley. according to dice.com, living defense cuts out of the sequestration threatened to delay of -- derail the job growth. scott mollen, chairman and ceo of dice holdings, thanks for being here. you did this survey about tech dollars, what did you find? >> the interesting thing was nationwide they have gone up about 5% and after two or three years, paltry gains, 1% less than 1%. we are seeing here is this tight labor market we're seeing across this country is finally forcing employers to recognize that in an adjusted salaries. tracy: tech dollars going accompanies like northrop grumman, raytheoand, they employ tech people. >> they have large tech division doors part of the large defense contract for defense projects they have going on. it has been a boon over the last ten years. tracy: we're talking $600 billion, by 2023. everyone ge
on his plate. let's bring in jeremiah o'keefe, a former pentagon and cia strategist. tell us why you think he is a good pick. >> i think that chuck hagel is the man for the job at this point in time from a strategic perspective. there is a big battle going on within the republican party. i reside in the latter camp. i believe after the war in iraq, the war in iran, we need to be taking perhaps more of an adventure approach. i was in iraq as a white house advisor in 2005. i work closely behind the scenes with the white house and the secretary of defense. i sympathize with the sucker punch that we got on 9/11 and what we should be doing moving forward. that included iraq. at this point in time, i am all for the realist posture that chuck hagel is proposing to if we want to hit some high points right now, i think he is wrong on calling israel to move back to the 1967 borders. israel needs to finish their barrier while. dennis: you point out that israel used to be only 9 miles wide. let me just ask you more pointedly, israel, some say, is our only real ally in the middle east. they do no
in defense spending. and that's because the pentagon is getting ready for these sequester cuts that will start on march 1st. so they're starting to cut back on their spending to prepare for that. so if you take out -- what has happened in government spending, the economy grew by about 1.3%. that's still pretty anemic and i think it suggests we're not out of the woods yet. brooke, let me tell you some good news because i don't want to be the grim reaper here. >> give me the good news. >> since january, the economy has actually done a lot better. you have seen the numbers on housing. they're much improved. that means more construction jobs, right? we have seen some of the initial unemployment claims numbers that are down, meaning that it looks like we're going to get a pretty decent jobs report on friday. the energy picture looks pretty good. so, you know, it's discouraging that the fourth quarter was so lousy. let's keep our fingers crossed we get a revival of growth this quarter. >> that was the first quarter. we're looking at the current quarter and the dow looking awesome, if
, a billion dollars from special education. $3 billion from the pentagon's defense sfund. $7 billion from army operations. and earthworm does some work for the defense department. so earthworm could get hurt in this, couldn't it? >> that's right. the number one function of the federal government is to keep the people safe and representing the highest concentration of men and women in uniform, i can tell you that these cuts are irresponsible even if i believe we should reduce federal spending. it hurts job creation. there's a better path forward. and we should reduce it over time not over night. >> go ahead. >> there's no question about what he says it's true about the defense cuts. the secretary of defense said it would be catastrophic to let sequester hit the military for half a trillion -- >> but you still think it's an option -- >> half a trillion dollars. let me put the other side to you. i should add too that sequester doesn't do anything about the greatest underlying problem with regard to spending. and that has to do with the expansion of the welfare state and entitlement programs and t
Search Results 0 to 41 of about 42 (some duplicates have been removed)

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